Do landlords need to join the ICO? A question we're often asked as a property management company. In this video Henriette explains why landlords need to register with the Information Commissioner's Office (ICO) for data protection reasons and how much it costs per year.

What is the ICO?

The ICO is The UK’s independent authority set up to uphold information rights in the public interest, promoting openness by public bodies and data privacy for individuals.

One of the main aims of the Information Commissioner's Office is to ensure that organisations comply with data protection laws.

This involves making sure businesses and organisations process personal information in a fair and transparent manner that respects an individual’s rights.

The ICO investigates complaints from members of the public and has the authority to impose fines on organisations that disregard data protection rules.

Why do landlords need to join the ICO?

Because landlords receive and store personal information electronically, from their property management company or letting agent, they do need to register with the ICO.

Furthermore, landlords are regarded as a business – even if they are a sole trader. The common misconception is that because the property management or letting agent is registered that they themselves don't have to be. But this is not the case.

How much does it cost to join the ICO?

Landlords can join the ICO from as little as £40 per annum. For large organisations, the figure can rise up to £2,900 per annum.

#landlords #landlordtips #informationcommissionersoffice

____________________________________________________________________

Subscribe to HYPE Lettings for:

🟢 PROPERTY MANAGEMENT EXPERTISE
🟢 ADVICE FOR PROPERTY INVESTORS AND LANDLORDS
🟢 ADVICE FOR TENANTS
🟢 VIRTUAL PROPERTY TOURS

Visit our website [ Ссылка ]

Call 01782 930077

We're not just passionate about property, we're HYPE!

свернуть